need to adress the following questions as if I were speaking to a crowd of people and the attached statements. Significance of Variances

$[$Share a summary of your variance analysis. Were the variances favorable or unfavorable?$]$

$[$Evaluate the significance of the variances. Are the variances favorable or unfavorable? What does it mean? Explain whether and how your evaluation will affect your budgeting and planning decisions for the next month or quarter.$]$